HONDA ATLAS CARS (PAKISTAN) LIMITED Financials Honda Atlas Cars (Pakistan) Limited
Equities
HCAR
PK0064901017
Auto & Truck Manufacturers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 315.7 PKR | +5.29% |
|
+23.05% | +47.72% |
| Apr. 25 | Honda Atlas Cars Limited Appoints Shinobu Nakamura as Director | CI |
| Apr. 01 | Honda Atlas Cars Limited Announces Board Changes | CI |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,266 | 18,922 | 38,953 | 29,592 | 16,826 | 45,083 | - | - |
| Enterprise Value (EV) 1 | 28,106 | 10,105 | 26,101 | 13,337 | 16,826 | 45,083 | 45,083 | 45,083 |
| P/E ratio | 8.9 x | 27.8 x | 21.7 x | 11.8 x | 64.7 x | 25 x | 12.8 x | 9.23 x |
| Yield | 5.06% | 0.75% | 1.66% | 3.38% | - | 1.11% | 2.15% | 3.8% |
| Capitalization / Revenue | 0.36 x | 0.34 x | 0.58 x | 0.27 x | 0.18 x | 0.82 x | - | - |
| EV / Revenue | 0.36 x | 0.34 x | 0.58 x | 0.27 x | 0.18 x | 0.82 x | - | - |
| EV / EBITDA | 5,207,634 x | 5,844,393 x | 10,518,488 x | 6,710,181 x | - | - | - | - |
| EV / FCF | -1,496,009 x | -16,379,884 x | 4,737,203 x | 10,586,688 x | - | - | - | - |
| FCF Yield | -0% | -0% | 0% | 0% | - | - | - | - |
| Price to Book | 1.94 x | 1.14 x | 2.14 x | 1.48 x | - | 2.18 x | 1.97 x | 1.68 x |
| Nbr of stocks (in thousands) | 142,800 | 142,800 | 142,800 | 142,800 | 142,800 | 142,800 | - | - |
| Reference price 2 | 240.0 | 132.5 | 272.8 | 207.2 | 117.8 | 315.7 | 315.7 | 315.7 |
| Announcement Date | 5/20/19 | 6/2/20 | 5/25/21 | 5/26/22 | 5/26/23 | - | - | - |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 95,128 | 55,046 | 67,362 | 108,048 | 95,087 | 54,849 | - | - |
| EBITDA | 6,580 | 3,238 | 3,703 | 4,410 | - | - | - | - |
| EBIT | 5,605 | 2,275 | 2,897 | 3,370 | - | - | - | - |
| Operating Margin | 5.89% | 4.13% | 4.3% | 3.12% | - | - | - | - |
| Earnings before Tax (EBT) | 5,594 | 1,547 | 2,781 | 4,275 | 1,983 | - | - | - |
| Net income 1 | 3,851 | 681.8 | 1,793 | 2,510 | 260.1 | 1,590 | - | - |
| Net margin | 4.05% | 1.24% | 2.66% | 2.32% | 0.27% | 2.9% | - | - |
| EPS 2 | 26.97 | 4.770 | 12.56 | 17.58 | 1.820 | 12.63 | 24.70 | 34.20 |
| Free Cash Flow | -22,905 | -1,155 | 8,223 | 2,795 | - | - | - | - |
| FCF margin | -24.08% | -2.1% | 12.21% | 2.59% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 222.04% | 63.38% | - | - | - | - |
| FCF Conversion (Net income) | - | - | 458.55% | 111.37% | - | - | - | - |
| Dividend per Share 2 | 12.15 | 1.000 | 4.520 | 7.000 | - | 3.500 | 6.800 | 12.00 |
| Announcement Date | 5/20/19 | 6/2/20 | 5/25/21 | 5/26/22 | 5/26/23 | - | - | - |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,526 | 26,938 | 25,976 | 29,539 | 30,768 | 30,246 | 19,549 | 49,795 | 22,949 | 22,344 | 3,771 | 13,956 | 17,727 | 12,426 | 24,696 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 1,357 | - | 1,476 | 657.1 | 463 | - | 128.7 | 1,469 | 1,250 | 2,218 | - | - | - | 445 | - |
| Operating Margin | 4.6% | - | 5.68% | 2.22% | 1.5% | - | 0.66% | 2.95% | 5.45% | 9.92% | - | - | - | 3.58% | - |
| Earnings before Tax (EBT) | 1,103 | 673.4 | 1,448 | 641 | 823.4 | 1,094 | - | - | 1,180 | -450.8 | - | 1,505 | 1,773 | 227.4 | - |
| Net income 1 | 751.4 | 145.9 | 939.2 | 445.9 | 196.5 | 658.2 | -385.3 | 272.9 | 810.8 | -823.6 | - | 675.3 | 820.3 | 143.3 | 626 |
| Net margin | 2.54% | 0.54% | 3.62% | 1.51% | 0.64% | 2.18% | -1.97% | 0.55% | 3.53% | -3.69% | - | 4.84% | 4.63% | 1.15% | 2.53% |
| EPS 2 | 5.260 | 1.020 | 6.580 | 3.120 | 1.380 | 4.610 | -2.700 | 1.910 | 5.680 | -5.770 | - | 4.730 | 5.740 | 1.000 | 4.400 |
| Dividend per Share 2 | - | - | - | - | 7.000 | - | - | - | - | - | - | - | - | - | 3.000 |
| Announcement Date | 11/14/19 | 11/26/20 | 11/17/21 | 1/25/22 | 5/26/22 | 7/26/22 | 11/16/22 | 11/16/22 | 1/26/23 | 5/26/23 | 7/25/23 | 11/28/23 | 11/28/23 | 1/24/24 | - |
1PKR in Million2PKR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 6,160 | 8,817 | 12,852 | 16,255 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | -22,905 | -1,155 | 8,223 | 2,795 | - | - | - | - |
| ROE (net income / shareholders' equity) | 22.2% | 4% | 10.3% | 13.2% | 1.33% | 11% | 17% | - |
| ROA (Net income/ Total Assets) | 8.47% | - | - | 3.57% | - | - | - | - |
| Assets 1 | 45,455 | - | - | 70,263 | - | - | - | - |
| Book Value Per Share 2 | 123.0 | 116.0 | 127.0 | 140.0 | - | 145.0 | 161.0 | 188.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 844 | 620 | 3,872 | 3,713 | - | - | - | - |
| Capex / Sales | 0.89% | 1.13% | 5.75% | 3.44% | - | - | - | - |
| Announcement Date | 5/20/19 | 6/2/20 | 5/25/21 | 5/26/22 | 5/26/23 | - | - | - |
1PKR in Million2PKR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
315.7
PKR
Average target price
227.4
PKR
Spread / Average Target
-27.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +47.72% | 162M | |
| +8.96% | 94.79B | |
| +12.39% | 87.34B | |
| -0.75% | 84.51B | |
| +24.83% | 76.07B | |
| +23.31% | 47.89B | |
| +18.20% | 34.02B | |
| -1.54% | 19.82B | |
| +49.97% | 11.99B | |
| -10.47% | 10.13B |
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